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Rapid7 sells exposure management, vulnerability scanning, SIEM, and an analyst-operated managed detection and response service to enterprise security teams, reporting more than 11,500 customers in 150 countries. Revenue has stopped growing: 859.8 million dollars in 2025, a 0.3 percent decline in the March 2026 quarter, and full-year 2026 guidance 2 to 3 percent below 2025. The activist fund JANA Partners took a 13 percent economic interest, eyed a sale, and its nominee joined the board in June 2026. On June 1, 2026, Wael Mohamed, who previously ran Forescout, replaced Corey Thomas as CEO. Management calls managed detection its growth priority and is embedding acquired agentic AI there. Replacing that service means moving a staffed operations function, a lift the record cannot quantify.
| Description | Rapid7 runs a managed cybersecurity operations business on its Command Platform, unifying exposure management, vulnerability management, SIEM, and managed detection and response for more than 11,500 customers. | [f1] |
|---|---|---|
| Founded | 2000 | [f1] |
| HQ | Boston, Massachusetts, USA | [f2] |
| Latest funding | IPO July 2015 (NASDAQ: RPD) | [f3] |
| Product | What it does |
|---|---|
| Rapid7 Command Platform | The Command Platform integrates security data and enriches it with AI and threat intelligence to manage vulnerabilities, monitor for malicious behavior, investigate attacks, and automate operations. |
| Exposure Command | Exposure Command delivers attack surface visibility with proactive exposure mitigation and remediation prioritization across on-premises and cloud-native environments. |
| Surface Command | Surface Command builds a continuous 360-degree attack surface view from endpoint to cloud to detect and prioritize security issues. |
| Rapid7 MDR | Rapid7 MDR is a managed detection and response service that prevents attacks across the kill chain and responds to threats with unlimited incident response from an always-on managed XDR team. |
| InsightVM | InsightVM is the vulnerability management product that discovers, assesses, and prioritizes vulnerabilities across hybrid environments. |
| Metasploit | Metasploit is an open-source penetration testing framework Rapid7 stewards as a widely used security research community alongside Velociraptor. |
Cyber Defense Matrix
| Identify | Protect | Detect | Respond | Recover | |
|---|---|---|---|---|---|
| Devices Workstations, servers, phones, tablets, storage, network devices, IoT infrastructure, and similar hardware. | |||||
| Applications Software, interactions, and application flows on the devices. | |||||
| Networks Connections and traffic flowing among devices and apps, plus communication paths. | |||||
| Data Content at rest, in transit, or in use across devices, apps, and networks. | |||||
| Users The people using the devices, apps, networks, and data. |
Exposure Command and InsightVM cover devices, Surface Command covers applications, the platform ingests network telemetry, and MDR detects and responds across users and data. Rapid7 uses AI as the method to defend conventional assets and is mapped to the Cyber Defense Matrix. [f4]
AI Defense Matrix
| Govern | Identify | Protect | Detect | Respond | Recover | |
|---|---|---|---|---|---|---|
| AI-Workload Platforms Inference servers, training platforms, vector DB platforms, and the model-loading supply chain. | ||||||
| AI Orchestration Tools Agentic orchestration tools, plus their plugins, skills, hooks, system prompts, scaffolding, harnesses, configuration settings, and MCP clients on user devices. | ||||||
| AI-Generated Code Code produced by AI tools, AI-assisted reviews, AI-generated infrastructure-as-code and tests, and vibe-coded apps that bypass CI/CD. | ||||||
| AI Gateways & Routers MCP proxies and gateways, LLM routers, outbound AI-service traffic, shadow AI egress, and model-registry traffic. | ||||||
| AI Model Model weights, fine-tuning checkpoints, model cards, registries, AIBOM, and the third-party LLMs your enterprise consumes. | ||||||
| Training Data Datasets used for training, fine-tuning, and continued learning. | ||||||
| Runtime AI Data User prompts, inference inputs, RAG content, vector DB content, persistent agent memory, and interaction history. | ||||||
| AI Agent Identities AI agents as non-human principals, plus credentials, keys, permission scopes, service accounts, and delegation chains across agents and tools. |
Exposure Command AI Attack Coverage red-teams LLM applications for prompt injection and other OWASP LLM risks, and InsightCloudSec discovers where GenAI services run and enforces posture on AI/ML environments, so Rapid7 provides security for AI and is mapped to the AI Defense Matrix. [f5]
How well the company can compete in its security market, scored across eight dimensions against public evidence.
| Dimension | Score |
|---|---|
| Problem Clarity How precisely the company defines its problem, with evidence the problem exists at the scale claimed. | 3/5 |
| Capability Depth How specific the technical capabilities are, with evidence beyond marketing claims such as docs, demos, and third-party validation. | 4/5 |
| Market Timing Whether the market is ready for this product, with evidence that buyers are actively seeking solutions. | 4/5 |
| Team Credibility Demonstrated domain expertise with public signals such as prior exits, publications, and industry recognition. | 3/5 |
| GTM Proof Evidence of actual traction (customers, revenue signals, partnerships) beyond stated intentions. | 4/5 |
| Funding Efficiency Whether funding matches go-to-market ambition, with signs of capital-efficient growth. | 4/5 |
| Category Clarity Whether the company creates or fits a recognizable category that buyers can quickly place in their stack. | 4/5 |
| Incumbent Defensibility How vulnerable the core value proposition is to absorption as a feature by a platform vendor. | 3/5 |
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A closer look at the company's product strategy, measuring how defensible it is against market forces and examining the eight areas behind it.
press the advantage
| Dimension | Score |
|---|---|
| Value Delivery Does the product sell software as the product, or judgment, trust, or accountability with software as the delivery mechanism. | 2/3 |
| Switching Cost How expensive leaving is for a customer: data portability, integrations, learned workflows, network effects, regulatory data residency. | 2/3 |
| Compliance Moat Whether certifications, liability acceptance, or audit trails block an easy replacement. | 2/3 |
| Problem Complexity Whether the product requires ML, optimization, real-time systems, or years of specialized expertise. | 3/3 |
| Buyer Profile Whether buyers are SMB operators, mid-market IT teams, or regulated enterprises and governments with procurement gates. | 3/3 |
| Layer Whether the product is an end-user application, a platform with application features, or infrastructure other applications depend on. | 2/3 |
| Proprietary Data, Content, or IP Whether the product accumulates datasets, content licenses, or IP that a rival cannot recreate from scratch. | 1/3 |
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| Id | Source | Tier | Accessed |
|---|---|---|---|
| f1 | About Rapid7 | official | 2026-07-10 |
| f2 | Rapid7 CEO transition press release, company description | official | 2026-06-20 |
| f3 | Rapid7 FY2025 Form 10-K (SEC EDGAR), IPO | regulatory | 2026-07-10 |
| f4 | The Command Cybersecurity Platform | official | 2026-06-20 |
| f5 | Rapid7: Introducing AI Attack Coverage in Exposure Command | official | 2026-06-24 |
| Id | Source | Tier | Accessed |
|---|---|---|---|
| s1 | Rapid7 FY2025 Form 10-K, customers and global footprint “As of December 31, 2025, we had over 11,500 customers in 150 countries, including 36% of the Fortune 100.” | regulatory | 2026-07-10 |
| s2 | Rapid7 FY2025 Form 10-K, solution portfolio and MDR “Rapid7's comprehensive security solutions, including our market-leading managed detection and response (MDR) services, next-gen security information and event management (SIEM), and exposure management” | regulatory | 2026-07-10 |
| s3 | Rapid7 FY2025 Form 10-K, enterprise revenue mix “In 2025, 39% of our revenue was generated from enterprises, which we define as organizations that have either annual revenue greater than $1.0 billion or more than 2,500 employees” | regulatory | 2026-07-10 |
| s4 | Rapid7 FY2025 Form 10-K, competition “The markets we operate in are highly competitive, fragmented, and subject to technology change and innovation.” | regulatory | 2026-07-10 |
| s5 | Rapid7 FY2025 Form 10-K, revenue history “Revenue has increased from $535.4 million in 2021 to $859.8 million in 2025, representing a 13% compound annual growth rate.” | regulatory | 2026-07-10 |
| s6 | Rapid7 FY2025 Form 10-K, net income history “We achieved net income of $23.4 million and $25.5 million in 2025 and 2024, respectively, and incurred a net loss of $152.8 million in 2023, as we continued to invest for long-term growth.” | regulatory | 2026-07-10 |
| s7 | Rapid7 FY2025 Form 10-K, headcount “As of December 31, 2025, we had 2,613 full-time employees, including 382 in product and service delivery and support, 986 in sales and marketing, 888 in research and development and 357 in general and administrative.” | regulatory | 2026-07-10 |
| s8 | Rapid7 FY2025 Form 10-K, public-sector revenue risk factor “If we fail to do so, or if applicable requirements change, we may be unable to sell to certain government customers or may incur additional costs, which could adversely affect our public sector revenue.” | regulatory | 2026-07-10 |
| s9 | Rapid7 FY2025 Form 10-K, customer industries including government “Our customers span a wide variety of industries including technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, education, real estate, transportation, government and professional services” | regulatory | 2026-07-10 |
| s10 | Rapid7 Q1 2026 earnings release (8-K exhibit 99.1), quarterly results “Revenue: Total revenue of $210 million a decrease of 0.3% year-over-year. Product revenue of $204 million an increase of 0.1% year-over-year.” | regulatory | 2026-07-10 |
| s11 | Rapid7 Q1 2026 earnings release (8-K exhibit 99.1), full-year 2026 guidance “Revenue $207 to $209 $836 to $842 Year-over-year growth (3)% to (2)%” | regulatory | 2026-07-10 |
| s12 | Rapid7 Q1 2026 earnings release (8-K exhibit 99.1), CFO on MDR growth strategy “Anchored around our accelerated strategy to deliver the AI SOC capabilities customers need, we are focused on growing our Managed Detection and Response business while improving margins over the medium-term.” | regulatory | 2026-07-10 |
| s13 | Rapid7 8-K June 2026, chief executive officer transition “appointed Wael Mohamed as Chief Executive Officer of the Company, effective as of June 1, 2026. Mr. Mohamed succeeds Corey Thomas, who has been appointed Executive Chairman” | regulatory | 2026-07-10 |
| s14 | Rapid7 press release: Wael Mohamed appointed CEO “He is the founder of Global Forward Capital, a cybersecurity-focused investment firm, and previously served as CEO of Forescout, which he successfully led through two strategic acquisitions.” | official | 2026-07-10 |
| s15 | Rapid7 8-K March 2026, Nomination and Support Agreement with JANA Partners “the Company has agreed to include Kevin Galligan (the “JANA Nominee”) in the Company’s slate of recommended nominees for election as directors at its 2026 annual meeting of stockholders” | regulatory | 2026-07-10 |
| s16 | Rapid7 8-K June 2026, annual meeting results electing Kevin Galligan to the board “Kevin Galligan 42,709,367 584,462 10,065,041” | regulatory | 2026-07-10 |
| s17 | BankInfoSecurity: Jana Partners Increases Stake in Rapid7, Eyes Potential Sale (Michael Novinson) “Activist investor Jana Partners has taken a 13% economic interest in Boston-based Rapid7 and is evaluating potential buyer interest in the vulnerability management vendor.” | press | 2026-07-10 |
| s18 | SecurityWeek: Rapid7 Announces Layoffs, Office Closings Under Restructuring Plan “Rapid7 (NASDAQ: RPD) is the latest cybersecurity vendor to announce layoffs, with the Boston-based firm announcing a restructuring plan late Tuesday that will result in an 18% reduction in employee headcount.” | press | 2026-07-10 |
| s19 | Dark Reading: Chinese Hackers Use Velociraptor IR Tool in Ransomware Attacks (Rob Wright) “In a new wrinkle for adversary tactics, the Storm-2603 threat group is abusing the digital forensics and incident response (DFIR) tool to gain persistent access to victim networks.” | press | 2026-07-10 |
| s20 | NVD: CVE-2025-6264, Rapid7 Velociraptor privilege escalation “This artifact did not enforce an additional required permission, allowing users with COLLECT_CLIENT permissions (normally given by the Investigator role) to collect it from endpoints and update the configuration. This can lead to arbitrary command execution and endpoint takeover.” | research | 2026-07-10 |
| s21 | About Rapid7, open-source communities “We foster the world's largest open-source communities, Velociraptor and Metasploit, and enable organizations with intelligence that can help them proactively inform, build, and improve security programs.” | official | 2026-07-10 |
| s22 | The Command Cybersecurity Platform “Prevent attacks across the kill chain, pinpoint advanced threats wherever they are, and respond confidently with unlimited IR from an always-on managed XDR. All with one subscription.” | official | 2026-07-10 |
| s23 | Rapid7 MDR services page, analyst partnership “Rapid7 analysts and advisors work as an accountable extension of your team, investigating, containing, remediating, and strategizing with clarity that strengthens resilience.” | official | 2026-07-10 |
| s24 | Rapid7 Compliance, ISO 27001 “Rapid7's ISMS is ISO 27001 certified. The ISO 27001 certification process includes a rigorous audit conducted by a third party. Rapid7's ISMS was audited by Schellman.” | official | 2026-07-10 |
| s25 | Rapid7 Compliance, IRAP PROTECTED “Rapid7 has successfully completed an Information Security Registered Assessors Program (IRAP) assessment to PROTECTED Level for several of our Insight Platform solutions.” | official | 2026-07-10 |
| s26 | Rapid7 Compliance, SOC 2 Type II “Rapid7 undergoes a SOC 2 Type II audit annually to ensure the effectiveness of controls relevant to security.” | official | 2026-07-10 |
| s27 | Rapid7 press release: GovRAMP authorization for InsightGovCloud (June 2026) “The authorization enables state, local, and educational organizations to leverage Rapid7's vulnerability management, cloud security, and security automation solutions through a security framework specifically designed for government procurement and compliance requirements.” | official | 2026-07-10 |
| s28 | Rapid7 press release: Acquires Kenzo Security (March 2026) “By integrating Kenzo's data mesh with Rapid7's Command Platform and embedding Kenzo Security's proprietary AI models across MDR operations, organizations will benefit from full coverage at machine speed: AI-led workflows automatically investigate and correlate alerts.” | official | 2026-07-10 |
| s29 | Rapid7 press release: Leader in the 2025 Gartner Magic Quadrant for Exposure Assessment Platforms “Rapid7 Recognized as a Leader in the 2025 Gartner Magic Quadrant for Exposure Assessment Platforms. Recognized for completeness of vision and ability to execute.” | official | 2026-07-10 |
| Id | Source | Tier | Accessed |
|---|---|---|---|
| s1 | Rapid7 FY2025 Form 10-K, customers and global footprint “As of December 31, 2025, we had over 11,500 customers in 150 countries, including 36% of the Fortune 100.” | regulatory | 2026-07-10 |
| s2 | Rapid7 FY2025 Form 10-K, solution portfolio and MDR “Rapid7's comprehensive security solutions, including our market-leading managed detection and response (MDR) services, next-gen security information and event management (SIEM), and exposure management” | regulatory | 2026-07-10 |
| s3 | Rapid7 FY2025 Form 10-K, enterprise revenue mix “In 2025, 39% of our revenue was generated from enterprises, which we define as organizations that have either annual revenue greater than $1.0 billion or more than 2,500 employees” | regulatory | 2026-07-10 |
| s4 | Rapid7 FY2025 Form 10-K, competition “The markets we operate in are highly competitive, fragmented, and subject to technology change and innovation.” | regulatory | 2026-07-10 |
| s5 | Rapid7 FY2025 Form 10-K, revenue history “Revenue has increased from $535.4 million in 2021 to $859.8 million in 2025, representing a 13% compound annual growth rate.” | regulatory | 2026-07-10 |
| s6 | Rapid7 FY2025 Form 10-K, net income history “We achieved net income of $23.4 million and $25.5 million in 2025 and 2024, respectively, and incurred a net loss of $152.8 million in 2023, as we continued to invest for long-term growth.” | regulatory | 2026-07-10 |
| s7 | Rapid7 FY2025 Form 10-K, headcount “As of December 31, 2025, we had 2,613 full-time employees, including 382 in product and service delivery and support, 986 in sales and marketing, 888 in research and development and 357 in general and administrative.” | regulatory | 2026-07-10 |
| s8 | Rapid7 FY2025 Form 10-K, public-sector revenue risk factor “If we fail to do so, or if applicable requirements change, we may be unable to sell to certain government customers or may incur additional costs, which could adversely affect our public sector revenue.” | regulatory | 2026-07-10 |
| s9 | Rapid7 FY2025 Form 10-K, customer industries including government “Our customers span a wide variety of industries including technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, education, real estate, transportation, government and professional services” | regulatory | 2026-07-10 |
| s10 | Rapid7 Q1 2026 earnings release (8-K exhibit 99.1), first-quarter results “Revenue: Total revenue of $210 million a decrease of 0.3% year-over-year. Product revenue of $204 million an increase of 0.1% year-over-year.” | regulatory | 2026-07-10 |
| s11 | Rapid7 Q1 2026 earnings release (8-K exhibit 99.1), full-year 2026 guidance “Revenue $207 to $209 $836 to $842 Year-over-year growth (3)% to (2)%” | regulatory | 2026-07-10 |
| s12 | Rapid7 Q1 2026 earnings release (8-K exhibit 99.1), CFO on MDR growth strategy “Anchored around our accelerated strategy to deliver the AI SOC capabilities customers need, we are focused on growing our Managed Detection and Response business while improving margins over the medium-term.” | regulatory | 2026-07-10 |
| s13 | Rapid7 8-K June 2026, chief executive officer transition “appointed Wael Mohamed as Chief Executive Officer of the Company, effective as of June 1, 2026. Mr. Mohamed succeeds Corey Thomas, who has been appointed Executive Chairman” | regulatory | 2026-07-10 |
| s14 | Rapid7 press release: Wael Mohamed appointed CEO “He is the founder of Global Forward Capital, a cybersecurity-focused investment firm, and previously served as CEO of Forescout, which he successfully led through two strategic acquisitions.” | official | 2026-07-10 |
| s15 | Rapid7 8-K March 2026, Nomination and Support Agreement with JANA Partners “the Company has agreed to include Kevin Galligan (the “JANA Nominee”) in the Company’s slate of recommended nominees for election as directors at its 2026 annual meeting of stockholders” | regulatory | 2026-07-10 |
| s16 | Rapid7 8-K June 2026, annual meeting results electing Kevin Galligan to the board “Kevin Galligan 42,709,367 584,462 10,065,041” | regulatory | 2026-07-10 |
| s17 | BankInfoSecurity: Jana Partners Increases Stake in Rapid7, Eyes Potential Sale (Michael Novinson) “Activist investor Jana Partners has taken a 13% economic interest in Boston-based Rapid7 and is evaluating potential buyer interest in the vulnerability management vendor.” | press | 2026-07-10 |
| s18 | SecurityWeek: Rapid7 Announces Layoffs, Office Closings Under Restructuring Plan “Rapid7 (NASDAQ: RPD) is the latest cybersecurity vendor to announce layoffs, with the Boston-based firm announcing a restructuring plan late Tuesday that will result in an 18% reduction in employee headcount.” | press | 2026-07-10 |
| s19 | Dark Reading: Chinese Hackers Use Velociraptor IR Tool in Ransomware Attacks (Rob Wright) “In a new wrinkle for adversary tactics, the Storm-2603 threat group is abusing the digital forensics and incident response (DFIR) tool to gain persistent access to victim networks.” | press | 2026-07-10 |
| s20 | NVD: CVE-2025-6264, Rapid7 Velociraptor privilege escalation “This artifact did not enforce an additional required permission, allowing users with COLLECT_CLIENT permissions (normally given by the Investigator role) to collect it from endpoints and update the configuration. This can lead to arbitrary command execution and endpoint takeover.” | research | 2026-07-10 |
| s21 | About Rapid7, open-source communities “We foster the world's largest open-source communities, Velociraptor and Metasploit, and enable organizations with intelligence that can help them proactively inform, build, and improve security programs.” | official | 2026-07-10 |
| s22 | The Command Cybersecurity Platform “Prevent attacks across the kill chain, pinpoint advanced threats wherever they are, and respond confidently with unlimited IR from an always-on managed XDR. All with one subscription.” | official | 2026-07-10 |
| s23 | Rapid7 MDR services page, asset-based pricing “Broader visibility and predictable value with asset-based pricing that prevents budget surprises.” | official | 2026-07-10 |
| s24 | Rapid7 MDR services page, analyst partnership “Rapid7 analysts and advisors work as an accountable extension of your team, investigating, containing, remediating, and strategizing with clarity that strengthens resilience.” | official | 2026-07-10 |
| s25 | Rapid7 Compliance, ISO 27001 “Rapid7's ISMS is ISO 27001 certified. The ISO 27001 certification process includes a rigorous audit conducted by a third party. Rapid7's ISMS was audited by Schellman.” | official | 2026-07-10 |
| s26 | Rapid7 Compliance, IRAP PROTECTED “Rapid7 has successfully completed an Information Security Registered Assessors Program (IRAP) assessment to PROTECTED Level for several of our Insight Platform solutions.” | official | 2026-07-10 |
| s27 | Rapid7 Compliance, SOC 2 Type II “Rapid7 undergoes a SOC 2 Type II audit annually to ensure the effectiveness of controls relevant to security.” | official | 2026-07-10 |
| s28 | Rapid7 press release: GovRAMP authorization for InsightGovCloud (June 2026) “The authorization enables state, local, and educational organizations to leverage Rapid7's vulnerability management, cloud security, and security automation solutions through a security framework specifically designed for government procurement and compliance requirements.” | official | 2026-07-10 |
| s29 | Rapid7 press release: Acquires Kenzo Security (March 2026) “By integrating Kenzo's data mesh with Rapid7's Command Platform and embedding Kenzo Security's proprietary AI models across MDR operations, organizations will benefit from full coverage at machine speed: AI-led workflows automatically investigate and correlate alerts.” | official | 2026-07-10 |
| s30 | Rapid7 press release: Leader in the 2025 Gartner Magic Quadrant for Exposure Assessment Platforms “Rapid7 Recognized as a Leader in the 2025 Gartner Magic Quadrant for Exposure Assessment Platforms. Recognized for completeness of vision and ability to execute.” | official | 2026-07-10 |
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